What was the official policy of the British colonies toward the practice of "squatting," or freely settling and cultivating the land?
(a) Squatting was encouraged as a way to promote settlement of the land.
(b) Colonial officials discouraged squatting because the indigenous populations legally owned land.
(c) There was no policy toward the practice of "squatting"; it was left to the individual settlers.
(d) The official policy opposed squatting because it did not involve a formal transfer of ownership.
(d)
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If the U.S. interest rate differential increases, in the foreign exchange market the demand for U.S. dollars ________ and the supply of U.S. dollars ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
If price elasticity is 3.25, then demand is
A) inelastic. B) elastic. C) unitary. D) negative.
A typical indifference curve is upward sloping
a. True b. False Indicate whether the statement is true or false
In Figure 15.2, at an interest rate of 9 percent, there is
A. An excess supply of money of $100 billion. B. An excess supply of money of $200 billion. C. Equilibrium in the money market. D. An excess demand for money of $100 billion.